Oklo's stock fell 5% after PJM Interconnection pulled its Meta-backed 750 MW nuclear project from the grid queue, citing application issues. This removal delays the project by at least 14 months and raises development costs, adding to pressure from rising Treasury yields that affect all pre-revenue nuclear developers. Oklo has filed an emergency complaint with FERC to restore its queue position, with a response expected by September 4. The situation highlights risks in nuclear project execution beyond reactor design, impacting investor confidence and stock performance.
NuScale Power's stock gained 9% to $5.52 but is still down 61% year-to-date in 2026 despite progress in small modular reactor (SMR) development. The company recently hired Doosan Enerbility to manufacture key reactor components and reported a smaller...
Oklo's stock rose 19% after reporting a smaller-than-expected loss and increasing its cash reserves to $3.13 billion. The company is progressing with reactor construction in Idaho and has federal safety approval, targeting plant operation by 2028-202...
